Gift Packaging Market Demand Is Anticipated To Surpass USD 38 Billion By 2032

Gift Packaging Market

The global gift packaging market is estimated at USD 27 Billion in 2022 and is forecast to surpass USD 38 Billion by 2032, growing at a CAGR of 3.6% during 2022- 2032.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Gift Packaging market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Gift Packaging market.

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Key findings of the Gift Packaging market study:

  • Regional breakdown of the Gift Packaging market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Gift Packaging vendors in detail.
  • Region-wise and country-wise fragmentation of the Gift Packaging market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Gift Packaging market.

Key Companies Profiled

  • IG Design Group PLC
  • Mondi
  • Hallmark Licensing, LLC
  • Card Factory
  • POL-MAK Printing Company
  • Xiamen Yama Ribbon & Bows Co Ltd
  • Karl Knauer KG
  • DS Smith
  • International Packaging Corporation
  • Ebro Color GmbH

Region-wise Insights

Which is the dominant region in Gift Packaging Market?

North America gift packaging market is the dominant region in the overall market as it contributes approximately 24.3% to the overall market. The sales of gift packaging paper is likely to be driven by the age-old American culture of personal gifting on a recurrent basis, along with rising customer inclination towards eye-catching packaging paper designs. This is expected to provide an additional 2.5th of present gift packaging market demand.

The United States in North America holds the largest market share of 15.9%. Consumers are shifting towards lightweight packaging formats equipped with premium properties, due to which flexible packaging types are likely to outsell the rigid variants. Thus, the gift packaging market in the United States is bound to witness a CAGR of more than 4.5% during the forecast years of 2022-2032.

Competitive Landscape

The global gift packaging market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced gift packaging products.

Fact.MR has provided detailed information about price points of top manufacturers of gift packaging positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  1. IG Design Group PLC, in 2020 announced the acquisition of CSS Industries, Inc., which is the manufacturers of seasonal and gift products. This acquisition is likely to broaden the product portfolio of the company and is bound to mark its presence in the US craft market, in addition to providing access to many new channels and markets.
  2. Mondi collaborated with ACMI, an Italian machine producer. It launched a new wrapping system for pallets-Advantage StretchWrap in year 2021. This innovative paper solution uses paper as an alternative to plastic. It has up to 62% lower greenhouse gas and more than 46% GHG emissions when compared to other plastic stretch films.

Global Gift Packaging Market by Category

  • By Product Type :
    • Bows and Ribbons
    • Bags and Containers
    • Boxes
    • Wrapping Paper
    • Pouches
    • Decorative Articles
    • Tapes
    • Films and Foils
  • By Material :
    • Plastics
    • Paper & Paperboard
    • Metals
    • Glass
  • By Packaging Form :
    • Flexible
    • Rigid
  • By Packaging Type :
    • Primary
    • Secondary
    • Tertiary
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

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Queries addressed in the Gift Packaging market report:

  • Why are the Gift Packaging market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global Gift Packaging market?
  • Which regions are displaying the fastest growth in the Gift Packaging market?
  • What are the underlying micro- macroeconomic factors affecting the global Gift Packaging market?

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